Stories
Slash Boxes
Comments

SoylentNews is people

Marissa Mayer To Resign From Yahoo Board as Remaining Company Renames Itself Altaba

posted by on Wednesday January 11 2017, @06:36AM   Printer-friendly
from the more-golden-parachutes dept.

Phoenix666 and takyon write:

Despite hiccups, Yahoo's planned sale to Verizon appears to be moving forward — but some portions of the company will be left behind and renamed Altaba Inc.

Yahoo is hanging on to its 15 percent stake in Alibaba and its 35.5 percent stake in Yahoo Japan, and those assets will survive as an investment company under the new name Altaba Inc., as the rest of Yahoo integrates with Verizon. The assets had previously been nicknamed Remain Co.

Only five board members will remain at Altaba: Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney and Jeffrey Smith. The rest of Yahoo's board, including CEO Marissa Mayer, will step down from the newly formed company. Mayer may be tapped for a role in Yahoo's integration at Verizon, but her position has yet to be announced.

Also at CNET, Reuters, Bloomberg, and CNN.

Original Submission #1   Original Submission #2

 
This discussion has been archived. No new comments can be posted.
Marissa Mayer To Resign From Yahoo Board as Remaining Company Renames Itself Altaba | Log In/Create an Account | Top | 31 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 0) by Anonymous Coward on Wednesday January 11 2017, @04:38PM

    by Anonymous Coward on Wednesday January 11 2017, @04:38PM (#452548)

    no--
    they are not buying yahoo to yahoo with it. This is where most people are getting it wrong.

    They are buying yahoo to complete behavior profile creation and advertisement portfolio enhancement.

    Verizon didn't by AOL to send out diskettes. Don't mistake their intent for Yahoo to mail out a different kind of previous business plan that you believe is outdated. They are not investing in yahoo's future because of their IT news website -- they are buying the customer information.

    even if more accounts were hacked than yahoo has as active users, those all have personally identifable information, that when strung together over large additional databases -- like aol, like verizon, like their other acquisitions, then their little http media tag monitoring system is quite trivial in comparison.

    but go ahead and say yahoo is dead -- they'll still profit off anyone that logged into yahoo and did anything with internet tracking over the past 5 to 10 years. That data they are buying is not going away when they buy it, even if the useless free services do. Go ahead and ask yahoo to delete your data. You may lose access to stuff but you'll always be a product.